Man Charged With Center City Philadelphia Bank Robbery

Stephen Arellano, 59 of Philadelphia, PA was charged yesterday by Indictment with one count of bank robbery, announced Acting United States Louis D. Lappen. The indictment charges that the defendant robbed the Republic Bank, at 1601 Market Street in Philadelphia, on November 16, 2016. Arellano stole approximately $860 in U.S. currency from the victim teller.

If convicted the defendant faces a maximum possible sentence of 20 years in prison, a $250,000 fine, three years’ supervised release, and a $100 special assessment.

The case was investigated by Federal Bureau of Investigation, and the Philadelphia Police Department, and has been assigned to Assistant United States Attorney Eric A. Boden.

An Indictment, Information or Criminal Complaint is an accusation. A defendant is presumed

innocent unless and until proven guilty.